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Square Enix Hits Five-Year Low As Financial Results Delayed
by Leigh Alexander
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February 6, 2009
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Final Fantasy publisher Square Enix saw its share price fall to its lowest in five years after it announced it needs to postpone its earnings announcement.
Bloomberg reports an 11 percent drop to ¥1,936 ($21.22) on the Tokyo Stock Exchange as of this morning, when the company was originally scheduled to give its results.
According to a media report translated by consumer weblog Kotaku, the announcement delay's credited to "accounting work" -- but investors may be speculating that one of the publisher's key titles, such as Dragon Quest IX or Final Fantasy XIII could see delays.
Square Enix has not offered any comment or made any suggestions to that effect, however. The publisher's earnings release is now scheduled for February 12th.
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